So it has been awful quiet from Cloakcoin.

Is this finally the dead coming to this project?

I've read some on the comments in the chat and I am indeed amazed how this team has proceed in the past.

From the comments the listing to Binance has had a cost of over 1 million USD. I know this is from the team and a few investors on pockets as this is a self-funded project but really. How could the mangement been willing to put up such a huge amount of money without a facelift of the old wallet, been able to run on a raspi without troubles, problems with the blockchain (errors) in general etc.

This has to be the ultimate proof of lacking management in this project - Spending money on listings where it could be used on the product itself.

The only real vocal core-member, Yogibear, even seems to have left the project. A guy that every day helped and guided people in the community is no longer to be found. That might also be something for new people to think about.


For all who thinks of investing in Cloakcoin - Just don't.

It has for years not been able to make any remarkable progress, ofc also due to lack of money, but indeed also lack of solid management and strategy.